Can I retire at age 45 with 2,940,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,940,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$242,782$240,620$238,510$236,451$234,440$229,238
2 years$120,189$117,951$115,782$113,678$111,638$106,424
3 years$79,330$77,082$74,918$72,835$70,828$65,765
4 years$58,905$56,664$54,521$52,473$50,515$45,642
5 years$46,653$44,425$42,311$40,305$38,401$33,731
6 years$38,487$36,276$34,193$32,232$30,385$25,924
7 years$32,657$30,465$28,415$26,500$24,711$20,460
8 years$28,287$26,114$24,098$22,230$20,500$16,457
9 years$24,889$22,737$20,756$18,935$17,264$13,425
10 years$22,172$20,041$18,095$16,322$14,710$11,072
11 years$19,951$17,842$15,931$14,205$12,651$9,209
12 years$18,102$16,014$14,138$12,460$10,963$7,712
13 years$16,538$14,472$12,632$11,000$9,560$6,493
14 years$15,199$13,154$11,349$9,765$8,380$5,492
15 years$14,039$12,017$10,247$8,708$7,379$4,662
16 years$13,025$11,025$9,290$7,797$6,521$3,970
17 years$12,132$10,154$8,454$7,006$5,782$3,389
18 years$11,338$9,383$7,717$6,314$5,141$2,900
19 years$10,629$8,696$7,065$5,705$4,583$2,486
20 years$9,992$8,080$6,484$5,167$4,093$2,134
21 years$9,416$7,527$5,964$4,689$3,663$1,834
22 years$8,893$7,026$5,497$4,264$3,283$1,579
23 years$8,417$6,571$5,075$3,883$2,947$1,360
24 years$7,981$6,157$4,694$3,542$2,649$1,172
25 years$7,580$5,778$4,347$3,234$2,384$1,011
26 years$7,210$5,430$4,032$2,957$2,147$873
27 years$6,869$5,110$3,744$2,707$1,936$754
28 years$6,553$4,816$3,480$2,480$1,747$652
29 years$6,259$4,543$3,239$2,274$1,577$563
30 years$5,985$4,290$3,017$2,087$1,425$487
31 years$5,729$4,056$2,813$1,917$1,289$421
32 years$5,489$3,838$2,624$1,762$1,166$364
33 years$5,265$3,634$2,450$1,620$1,055$315
34 years$5,054$3,444$2,289$1,491$955$273
35 years$4,856$3,267$2,140$1,372$865$236
36 years$4,669$3,101$2,002$1,264$784$205
37 years$4,493$2,945$1,874$1,164$710$177
38 years$4,327$2,799$1,755$1,073$644$153
39 years$4,169$2,661$1,644$990$584$133
40 years$4,019$2,532$1,541$913$530$115
41 years$3,878$2,410$1,445$842$481$100
42 years$3,743$2,296$1,356$777$436$86
43 years$3,615$2,187$1,272$717$396$75
44 years$3,493$2,085$1,194$662$359$65
45 years$3,377$1,988$1,121$612$326$56
46 years$3,266$1,897$1,053$565$296$49
47 years$3,161$1,810$989$522$269$42
48 years$3,060$1,728$930$482$244$37
49 years$2,963$1,650$874$446$222$32
50 years$2,870$1,576$821$412$201$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 45 starting with $2,940,000, adding $2,119 every year, while hoping to spend $33,287 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/50/16 Blend
44$2,940,000$2,940,000$2,940,000$2,940,000
45$3,242,066$3,086,246$3,040,676$3,336,138
46$3,537,339$3,202,055$3,107,121$3,520,927
47$3,861,615$3,322,423$3,174,677$3,716,803
48$4,217,816$3,447,538$3,243,345$3,927,317
49$4,609,163$3,577,597$3,313,127$4,153,778
50$5,039,203$3,712,804$3,384,022$4,397,624
51$5,511,844$3,853,373$3,456,028$4,660,430
52$6,031,391$3,999,528$3,529,144$4,943,926
53$6,602,588$4,151,500$3,603,366$5,250,012
54$7,230,661$4,309,533$3,678,688$5,580,772
55$7,921,368$4,473,879$3,755,104$5,938,494
56$8,681,053$4,644,804$3,832,604$6,325,693
57$9,516,703$4,822,583$3,911,180$6,745,131
58$10,436,021$5,007,504$3,990,819$7,199,842
59$11,447,491$5,199,867$4,071,507$7,693,161
60$12,560,460$5,399,986$4,153,228$8,228,752
61$13,785,231$5,608,189$4,235,965$8,810,644
62$15,133,152$5,824,817$4,319,696$9,443,265
63$16,616,728$6,050,228$4,404,401$10,131,485
64$18,249,738$6,284,794$4,490,053$10,880,656
65$20,047,367$6,528,903$4,576,624$11,696,668
66$22,026,342$6,782,963$4,664,085$12,585,997
67$24,205,098$7,047,397$4,752,401$13,555,767
68$26,603,947$7,322,649$4,841,536$14,613,815
69$29,245,272$7,609,181$4,931,449$15,768,763
70$32,153,735$7,907,476$5,022,098$17,030,099
71$35,356,512$8,218,040$5,113,435$18,408,261
72$38,883,551$8,541,398$5,205,410$19,914,738
73$42,767,849$8,878,102$5,297,967$21,562,175
74$47,045,768$9,228,727$5,391,047$23,364,487
75$51,757,376$9,593,875$5,484,586$25,336,991
76$56,946,825$9,974,172$5,578,517$27,496,549
77$62,662,770$10,370,274$5,672,766$29,861,722
78$68,958,823$10,782,868$5,767,254$32,452,946
79$75,894,063$11,212,669$5,861,898$35,292,717
80$83,533,594$11,660,426$5,956,607$38,405,807
81$91,949,154$12,126,921$6,051,287$41,819,488
82$101,219,798$12,612,970$6,145,836$45,563,794
83$111,432,640$13,119,429$6,240,144$49,671,794
84$122,683,678$13,647,189$6,334,097$54,179,906
85$135,078,696$14,197,184$6,427,573$59,128,234
86$148,734,266$14,770,390$6,520,440$64,560,948
87$163,778,848$15,367,825$6,612,560$70,526,688
88$180,353,997$15,990,555$6,703,788$77,079,029
89$198,615,708$16,639,695$6,793,968$84,276,978
90$218,735,879$17,316,410$6,882,935$92,185,525
91$240,903,941$18,021,916$6,970,516$100,876,257
92$265,328,641$18,757,488$7,056,526$110,428,025
93$292,240,015$19,524,457$7,140,771$120,927,684
94$321,891,555$20,324,214$7,223,046$132,470,910
95$354,562,609$21,158,216$7,303,134$145,163,097
96$390,561,011$22,027,985$7,380,805$159,120,345
97$430,225,990$22,935,112$7,455,818$174,470,551
98$473,931,372$23,881,263$7,527,918$191,354,612
99$522,089,106$24,868,179$7,596,837$209,927,747
100$575,153,155$25,897,680$7,662,292$230,360,955